Global Monitor Arm Market Share May Excced USD 1.95 Billion By 2032 at 3.1% CAGR Increase

Monitor Arm Market Size Worth $ 1.95 Billion By 2032 | CAGR: 3.1%


The global monitor arm market size is expected to reach USD 1.95 billion by 2032, according to a new study by Polaris Market Research. The report “Monitor Arm Market Share, Size, Trends, Industry Analysis Report, By Application (Healthcare, Office, Education, Others), By Region, And Segment Forecasts, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Monitor arms are specifically crafted to provide support for various display screens, including computer monitors, TVs, and notebooks. These arms empower users to conveniently adjust the positioning of their monitor screens according to their preferences. The increasing market growth is propelled by a rising demand for computers in residential settings.

According to the International Telecommunication Union (ITU), there was a notable increase in computer ownership, with approximately 48% of households worldwide having computers in 2018, compared to 46% in 2015. This surge is particularly attributed to the growing adoption of computers for residential purposes in developing nations such as China and India. Furthermore, the anticipation of a heightened demand for computers in the coming years is fueled by the increasing popularity of curved monitors.

Monitor arms play a crucial role in mounting televisions on walls and ceilings in a variety of commercial and residential settings. The growing demand for television sets is poised to drive an increased need for monitor arms. For instance, according to data released by the India Brand Equity Foundation (IBEF) in December 2019, the television market in India reached a size of USD 10.2 billion in 2019 and is projected to reach USD 14.7 billion by 2022. Additionally, the surge in disposable income along with a rising number of internet users is expected to contribute to an increased demand for desktop computers and laptops, consequently fostering market growth.

It was also noted that, International Telecommunication Union (ITU), there was a sharp increase in global internet access, with 49.0% of the world's population having internet access in 2017, compared to 41.5% in 2015. This upward trend is expected to continue in the coming years, driven by various initiatives implemented by the governments of developing economies to promote digitalization.

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Increasing investments in healthcare infrastructure are expected to have a positive influence on the demand for monitor arms. Within the healthcare sector, there is a preference for wall mount and ceiling mount monitor arms due to their ability to enhance performance and efficiency. Manufacturers in this industry are strategically focusing on delivering high-quality products that not only guarantee superior performance but also streamline the installation process, ensuring smooth handling.

Manufacturers recognize the importance of minimizing installation efforts, as this contributes to overall efficiency and effectiveness within healthcare settings. Monitor arms designed for healthcare environments often come with added features, such as hidden cable arrangements. This not only helps maintain a tidy and organized workspace but also reduces the risk of cable entanglements, ensuring a safe and functional environment for medical professionals.

Monitor Arm Market Report Highlights

  • Healthcare segment will grow with rapid pace, owing to rising need of for multi-display monitors during surgeries
  • Office segment held the largest share, for multi-tasking and to increase the productivity of employees
  • Asia pacific is expected to grow with substantial pace, owing to strong demand from small and mid-tier cities
  • The key market players include Atdec, Ergotron, Herman Miller, Highgrade Tech, Humanscale, Innovative Office Products, Legrand & LUMI LEGEND.

Polaris Market Research has segmented the monitor arm market report based on application, and region:

Monitor Arm, Application Outlook (Revenue - USD Billion, 2019 - 2032)

  • Healthcare
  • Office
  • Education
  • Others

Monitor Arm, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

  • North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
  • Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
  • Latin America
  • Argentina
  • Brazil
  • Mexico
  • Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa

Monitor Arm Market Report Scope

Report Attributes

Details

Market size value in 2024

USD 1.52 billion

Revenue forecast in 2032

USD 1.95 billion

CAGR

3.1% from 2024 – 2032

Base year

2023

Historical data

2019 – 2022

Forecast period

2024 – 2032

Quantitative units

Revenue in USD million/billion and CAGR from 2024 to 2032

Segments covered

By Application, By Region

Regional scope

North America, Europe, Asia Pacific, Latin America; Middle East & Africa

Customization

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  • Regional analysis
  • Segmentation analysis
  • Industry outlook
  • Competitive landscape
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